With greater advancements and research, RL has rapidly evolved everyday applications in several fields ranging from playing computer games to automating a car. Some of the RL applications are listed in the following sections.
Applications of RL
Education
Many online education platforms are using RL for providing personalized content for each and every student. Some students may learn better from video content, some may learn better by doing projects, and some may learn better from notes. RL is used to tune educational content personalized for each student according to their learning style and that can be changed dynamically according to the behavior of the user.
Medicine and healthcare
RL has endless applications in medicine and health care; some of them include personalized medical treatment, diagnosis based on a medical image, obtaining treatment strategies in clinical decision making, medical image segmentation, and so on.
Manufacturing
In manufacturing, intelligent robots are used to place objects in the right position. If it fails or succeeds in placing the object at the right position, it remembers the object and trains itself to do this with greater accuracy. The use of intelligent agents will reduce labor costs and result in better performance.
Inventory management
RL is extensively used in inventory management, which is a crucial business activity. Some of these activities include supply chain management, demand forecasting, and handling several warehouse operations (such as placing products in warehouses for managing space efficiently). Google researchers in DeepMind have developed RL algorithms for efficiently reducing the energy consumption in their own data center.
Finance
RL is widely used in financial portfolio management, which is the process of constant redistribution of a fund into different financial products and also in predicting and trading in commercial transactions markets. JP Morgan has successfully used RL to provide better trade execution results for large orders.
Natural Language Processing and Computer Vision
With the unified power of deep learning and RL, Deep Reinforcement Learning (DRL) has been greatly evolving in the fields of Natural Language Processing (NLP) and Computer Vision (CV). DRL has been used for text summarization, information extraction, machine translation, and image recognition, providing greater accuracy than current systems.
